adidas (ETR:ADS) Shares Down 1.7% – What’s Next?

adidas AG (ETR:ADS) traded down 1.7% during trading on Thursday . The stock traded as low as €158.55 and last traded at €160.95. 895,803 shares traded hands during trading, The stock had previously closed at €163.75.

adidas Price Performance

The stock has a market cap of $29.08 billion, a PE ratio of 76.16, a P/E/G ratio of 0.58 and a beta of 1.15. The company has a debt-to-equity ratio of 108.20, a current ratio of 1.32 and a quick ratio of 0.39. The firm’s 50 day moving average price is €162.22 and its two-hundred day moving average price is €177.23.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand. It sells its products through its own retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.